Executive Management

Mr PREMCHAND MUNGAR

Mr. Premchand Mungar currently holds the office of Chief Executive of SBM Bank (Mauritius) Ltd. A seasoned banker with nearly two decades of senior executive experience in institutional transformations in Mauritius and continental Africa, Mr. Mungar started his career in banking within the SBM Group, where he has held several senior positions.

He previously served as Chief Executive and Executive Director of MauBank Ltd from 2018 to 2023. His past experiences also include positions of General Counsel and Senior Director, among other leading roles, at The Eastern & Southern African Trade & Development Bank (TDB). He also serves as an Independent Non-Executive Director on the Board of the Financial Services Commission (FSC) since 2017 and is the Chairman of the Audit & Risk Committee of the FSC since 2018. He is currently the Vice-Chairperson of the Mauritius Bankers’ Association.

Mr. Mungar holds an MSc Finance and Financial Law from the University of London and an LLB in English Law and French Law from the University of Mauritius. He has followed several Executive Programmes, including the LEAD Program of the Stanford University Graduate Business School, and attended the 10th Autumn Course on International Finance of the Waseda University in Tokyo, Japan, organised in collaboration with the Japan Bank for International Cooperation.

During his career, Mr. Mungar has been the recipient of several accolades, including the TDB President’s Excellence Award for recognition of the outstanding contribution to TDB.

Mr. Mungar also serves as Executive Director on the Board of Directors of SBM Bank (Mauritius) Ltd.

MRS Veronique Lim Hoye Yee

Mrs. Veronique Lim Hoye Yee is a seasoned banker with over 20 years of experience in the banking sector. She started her banking career at SBM Bank (Mauritius) Ltd as Senior Officer in the Credit Underwriting department in 2001. Subsequently, she held several key positions with increasing responsibilities within the Bank, including those of Head of Credit Underwriting; Head of Special Assets and Research; Head of Risk Management; Head of Credit Administration and Acting Chief Risk Officer. In August 2012, she joined ABC Banking Corporation Ltd as Head of Credit Underwriting and Risk before returning to SBM Bank (Mauritius) Ltd in September 2016 as Head of the Credit Underwriting Team. Mrs. Lim Hoye Yee holds a B.Sc. (Hons) in Economics and Accounting, and an M.Sc. in Economics and Finance from the University of Bristol, UK. She is also a CFA Charterholder of the CFA Institute, US.
 

MRS RITA-DEVI PERSAND GUJADHUR

Mrs. Rita Gujadhur is a seasoned banker with a long career spanning over 35 years at SBM. She joined the Trade Finance Department in 1988, where she spent 9 years and acquired a full insight of the trade finance operations before moving to the International Banking Division.She has from then on assumed various positions of increasing responsibilities within the Bank and at Holdings level as Head of Value-Based Performance Management, Head of Operations Centre & Trade Finance, Head of Strategy & Data Analytics and Group Head Financial Management. She currently assumes the function of Chief Financial Management Officer at both SBM Bank (Mauritius) Ltd and SBM Holdings Ltd.

Mrs.Gujadhur has been an active member in various key forums such as the Operational Risk Forum, the Management Credit Forum, the Portfolio Credit Forum, the Asset and Liability Management Committee and the Group Executive Forum. She has also been involved in the implementation of major IT projects within the Bank.

Mrs. Gujadhur holds an MBA from the Edinburgh Business School, Heriot-Watt University, UK, and a Diploma in Business Management from the Surrey European Management School, University of Surrey, UK.

MRS Anju Issur

Mrs. Anju Issur is a seasoned banker with more than 15 years of experience in Financial Markets. She joined SBM in 2017 as the Head of Financial Markets Sales and was promoted, in 2019, to the role of Head of Financial Markets. Passionate about her job and taking new challenges, she actively contributes in setting the strategy of the Financial Markets Division and in driving its execution in line with the bank’s overall strategy. Mrs. Issur leads four key functions; namely Financial Markets Sales, Trading of Financial Instruments, Derivatives and Treasury Management. She contributes to the creation and delivery of sustainable shareholder’s value. Mrs. Issur recently completed her Executive MBA at the prestigious HEC Paris. She holds an MSc in Global Banking & Finance from the European Business School, London, UK, and a BSc in Economics & Finance from the Royal Melbourne Institute of Technology (RMIT) University, Australia.

MR Rajnish Lutchmah

Mr Rajnish Lutchmah is a long-serving executive of SBM Bank (Mauritius) Ltd. With a career spanning four decades, he has held several middle-management and senior positions within the Bank, which he joined back in 1984. He has been, among others, Relationship Manager, Branch Manager, and Head of Marketing before joining the Corporate Domestic Banking Division as Portfolio Lead/Team Leader. He had a short stint as Head of Credit Underwriting at the end of 2022 before his appointment as Head of Corporate Domestic Banking in 2023.

Mr Lutchmah holds a BCOM from the IGNOU, India, and has attended several executive banking programmes at the National Institute of Bank Management in Pune, India.

MRS Dimple Bhudoye

Mrs. Bhudoye is an experienced professional in the field of banking, having successfully managed different portfolios of corporate clients, both local and international. Before joining SBM, she held the position of Team Leader within the Corporate and Institutional Banking Division of a leading bank where she had the responsibility to oversee a team of professionals handling regional and international exposures whilst spearheading the bank’s expansion plans into Africa and beyond. Her responsibilities included structuring and advisory services to clients, leading negotiations in key transactions as well as developing and managing partnerships with strategic external stakeholders and coaching and guiding team members, among others. 

Mrs. Bhudoye holds a Bachelor (Hons) of Laws (LLB) and a Master’s (Hons) in International Commercial Law (LLM) from the University of Kent.